In January 2023, Wenzhou Municipal Bureau of Economy and Information Technology released the “2022 List of Small and Medium-sized Enterprises in Zhejiang Province”. After expert review and comprehensive evaluation, Hengyi Electric Group Co., Ltd. was listed in the list and won the honor of “Specialized, Specialized and New” Enterprise in Zhejiang Province. It is reported that the provincial “specialized and new” SMEs have strong innovation ability and good quality, and are the backbone of high-quality SMEs. The list is an affirmation of the innovation ability, research and development level and industry leading role of enterprises.

What is “specialising in ultra new”?

“Specialized, refined, special and new” SMEs refer to enterprises whose main business and development focus comply with national industrial policies and relevant requirements, and are characterized by specialization, refinement, uniqueness and novelty. The enterprises are at the leading level in the domestic industry in terms of technology, market, quality, efficiency, etc., and are progressiveness and exemplary. As a strong support for the supply chain of the industrial chain, “specialized and special” enterprises play a key role in “complementing weaknesses”, “forging strengths” and “filling gaps”.

The development of “specialized and new” SMEs is an important part of China’s strategy to build a powerful manufacturing country. China’s “Fourteenth Five-Year Plan” outlines that “promote small and medium-sized enterprises to enhance their professional advantages, cultivate specialized and specialized new ‘small giant’ enterprises and single champion enterprises in the manufacturing industry”.

Focus on professional

Founded in 1993, Hengyi Electric is a national high-tech enterprise that focuses on power quality management and is committed to ensuring the safe and efficient transmission of power. Over the years, the Group has continuously sought scientific and technological breakthroughs, accumulated rich production experience, deeply grasped the market demand, gathered professionals in the industrial chain, provided strong technical endorsement for the project, and achieved operational results of refined testing, management and service. We have developed a series of leading products with independent intellectual property rights, such as high-performance intelligent capacitor, reactive power compensation and active filter.

Innovation is the first driving force to lead the development of enterprises, and also the soul of “specialization and innovation”. Hengyi is actively upgrading and transforming to “informatization, digitalization and intelligence”. It is committed to solving the most urgent and practical needs of customers and providing high-quality services to customers with high-quality products and advanced technology. In the future, Hengyi will also follow the major national development strategy, adhere to independent innovation, always pursue “specialization and innovation”, constantly enhance innovation and service capabilities, and seize the commanding heights of industrial technology development